January 30, 2024 -

Petroleum Conference 2024 ends with call to explore further oil and gas reserves in Pakistan

January 30, 2024January 30, 2024 Admin

Caretaker Prime Minister Anwaar-ul-Haq Kakar attended the Petroleum Conference 2024 as a Chief Guest today in Islamabad. Chief of Army Staff, General Syed Asim Munir, NI (M) was the guest of honour at the Conference. Provincial Chief Ministers, Minister for Energy, Secretary Petroleum, Government representatives, policy makers, foreign and domestic investors from the Energy and Petroleum (E&P) sector and international…

World Future Energy Summit 2024 to Build on COP28’s Change Agenda and Help Realise Transformative Future

January 30, 2024January 30, 2024 Admin

Annual summit in Abu Dhabi to accelerate COP28’s transition agreements and renewables pledge by bringing together industry leaders, policymakers, investment incubators, and world-class start-ups Event in the UAE capital will play key role in furthering COP28 resolutions along the road to reality, says Summit Director. Dubai, UAE – January 30, 2024: The recent COP28 in Dubai underscored the UAE’s global…

Pending requests: AGL urges Nepra to issue revised FCC

January 30, 2024January 30, 2024 Admin

ISLAMABAD: Attock Gen Limited (AGL) has urged National Electric Power Regulatory Authority (NEPRA) to issue revised Fuel Cost Component (FCC) against all its pending requests. In a letter to Chairman NEPRA, the power generation company referred to its pervious correspondence on this matter, through AGL, which emphasized the importance of the statutory obligation of NEPRA imposed by the Legislature under…

Petrol price likely to increase from Feb 1

January 30, 2024January 30, 2024 Admin

ISLAMABAD: The interim government may raise the petrol price by Rs 8 to Rs 11 per litre with effect from February 1, 2024, depending on the exchange rate adjustments. The price of high-speed diesel (HSD) is also likely to go up by Rs 2 to Rs 7 per litre again based on exchange rate adjustment for next fortnightly starting from…

Third parties on commercial basis: CCI approves 25pc hike in sale price of gas

January 30, 2024January 30, 2024 Admin

ISLAMABAD: A meeting of the Council of Common Interests (CCI) has approved increase in sale price of natural gas to third parties on commercial basis, ie, from 10 percent to 35 percent as well as necessary amendments to the Petroleum Policy 2012 and draft Tight Gas Exploration and Production Policy 2024. The 51st meeting of the CCI held under the…

Resurrecting dead IP gas pipeline project

January 30, 2024January 30, 2024 Admin

ISLAMABAD: Iranian Foreign Minister Hossein Amir Abdollahian on Monday presented a workable solution with regard to the completion of the Iran-Pakistan gas pipeline project with a proposal that the project can be financed by China and Russia if Islamabad is facing resistance because of the US sanctions on Tehran. The proposal was presented by the visiting Iranian foreign minister during…

Pakistan Refinery to remain shut for over a month

January 30, 2024January 30, 2024 Admin

KARACHI: Pakistan Refinery Limited (PRL) will remain shut from Tuesday (today) for 35 to 38 days due to maintenance and inspection turnaround, the company said on Monday in a stock filing. Last week, PRL announced doubling its crude oil refining capacity from 50,000 barrels per day (bpd) to 100,000 bpd aimed at eliminating the production of high sulphur fuel oil…

WAPDA holds road show in Bangkok, seeks global partners for floating solar project

January 30, 2024January 30, 2024 Admin

LAHORE: The Water & Power Development Authority (WAPDA) held a road show in Bangkok on Monday to attract international bidders for its 300 megawatt (MW) floating solar project, the first of its kind in the country. The project, which will use floating solar panels on two reservoirs in the Tarbela-Ghazi Barotha hydropower complex, aims to generate clean and low-cost electricity…